TD Cowen Lowers Domino’s Pizza (NYSE:DPZ) Price Target to $475.00

Domino’s Pizza (NYSE:DPZ) had its price objective reduced by TD Cowen from $520.00 to $475.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the restaurant operator’s stock. TD Cowen’s price objective indicates a potential upside of 15.10% from the company’s current price.

DPZ has been the topic of several other research reports. Oppenheimer lowered their price objective on shares of Domino’s Pizza from $510.00 to $490.00 and set an “outperform” rating on the stock in a research note on Friday, September 6th. Benchmark dropped their price objective on shares of Domino’s Pizza from $575.00 to $520.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Robert W. Baird reduced their target price on shares of Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating for the company in a research note on Thursday, September 12th. Baird R W raised Domino’s Pizza from a “hold” rating to a “strong-buy” rating in a report on Monday, July 8th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $507.93.

Domino’s Pizza Stock Up 0.9 %

NYSE DPZ opened at $412.69 on Monday. The stock has a market capitalization of $14.39 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 2.14 and a beta of 0.86. Domino’s Pizza has a 12-month low of $330.05 and a 12-month high of $542.75. The company has a 50 day moving average price of $430.46 and a two-hundred day moving average price of $473.74.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.35. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the company posted $3.08 EPS. The firm’s revenue was up 7.1% on a year-over-year basis. As a group, equities analysts anticipate that Domino’s Pizza will post 16.24 EPS for the current year.

Institutional Trading of Domino’s Pizza

Hedge funds have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. bought a new stake in Domino’s Pizza during the 2nd quarter worth approximately $268,000. Sanctuary Advisors LLC bought a new stake in shares of Domino’s Pizza during the second quarter worth $1,556,000. Cetera Investment Advisers raised its holdings in shares of Domino’s Pizza by 29.7% during the second quarter. Cetera Investment Advisers now owns 10,015 shares of the restaurant operator’s stock worth $5,171,000 after acquiring an additional 2,294 shares during the period. Granite Bay Wealth Management LLC bought a new stake in Domino’s Pizza in the 2nd quarter valued at $6,423,000. Finally, Ted Buchan & Co acquired a new position in Domino’s Pizza in the 2nd quarter worth $207,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

About Domino’s Pizza

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino's brand name through company-owned and franchised stores.